6 16th StEast HamptonNY11937
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in East Hampton at 6 16th St, East Hampton, NY, 11937 priced at $699,000 pairs $54,000/mo rent with $49,332/mo cash flow after a $3,421/mo payment. Total monthly income equals $54,000/mo, and annual cash flow comes to $591,989/yr on $229,971 invested. Return on cash invested is 277.48% in year one, and rental yield stands at 92.7% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 1484.67% and total cumulative return in cash reaches $3,414,314. For financing, Ziffy Mortgage’s DSCR program evaluates $54,000/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11937, East Hampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,213 (100%) |
| Owner Occupied HU | 6,209 (47.0%) |
| Renter Occupied HU | 1,540 (11.7%) |
| Vacant Housing Units | 5,464 (41.4%) |
| Median Home Value | $1,090,360 |
| Average Home Value | $1,265,490 |
Housing Distribution
Address Breakdown
Residential
10,889
Single Family
10,683
Multi-Family
206
Businesses
856
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Listed by: Ed Gaetjens - Real Estate Sales Person • Saunders & Associates
Mls Name: Out East
Mls ID: #382730